| Fully Diluted Valuation | $83,604 |
|---|---|
| 24H Trading Volume | $196 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 66.39M |
| Total Supply | 66.39M |
| Max Supply | 88.89M |
| Categories | Privacy 3 more |
|---|---|
| Founder | Anonymous |
| Website | sumokoin.org |
| Socials | 5 more |
| Explorer | Sumokoin |
| Name | Pair | OG Score |
|---|
Sumokoin (SUMO) is a digital currency designed for secure and private transactions. It was created in Japan on May 7, 2017, by developers who aimed to enhance privacy and security in digital payments.
Built on Privacy Technology
Sumokoin is based on Monero (XMR), a cryptocurrency known for its strong privacy features. It uses a technology called RingCT, which hides transaction details like amounts and sources. This makes transactions difficult to trace, ensuring user privacy.
Resistance to Centralization
To prevent mining from being controlled by a few powerful entities, Sumokoin uses an ASIC-resistant hashing algorithm. This allows more people to participate in mining with standard computer equipment, promoting decentralization.
Secure and Fungible
Transactions on the Sumokoin network are confirmed and recorded securely through a decentralized consensus mechanism. This ensures transactions are immutable and cannot be altered once recorded. Sumokoin also promotes fungibility, meaning every SUMO coin is equal and interchangeable, similar to cash.
Accessible Wallets
Sumokoin provides user-friendly wallets, including Python-based ones initially and later web and Android versions released in 2020. These wallets allow users to securely manage their Sumokoin holdings and conduct transactions conveniently.
Conclusion
Sumokoin (SUMO) stands out as a digital currency prioritizing privacy, security, and accessibility. With its foundation on Monero’s privacy technology and a commitment to decentralization, Sumokoin offers a reliable option for users seeking a private and secure way to manage their finances digitally.
Sumokoin distinguishes itself with advanced privacy features like Monero's RingCT, ensuring secure and untraceable transactions, while also promoting decentralization through an ASIC-resistant mining algorithm.
Sumokoin was officially launched by a team of developers based in Japan on May 7, 2017. The specific names of the founders are not disclosed.
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